Land Reserve and Development - The total land reserve of the company as of December 31, 2021, is approximately 4.1 million square meters[3]. - The group has a total land reserve of approximately 4.1 million square meters across 12 cities, with an average land cost of RMB 1,873 per square meter[70]. - The total land reserve as of December 31, 2021, includes various projects with a total area of 1,000,000 square meters, of which 300,000 square meters are completed and unsold[73]. - The total land reserve includes completed properties, properties under construction, and land held for future development, totaling approximately 2,662,853 square meters[172]. - The total area of land held for future development is estimated at 999,206 square meters, which is crucial for the company's growth strategy[172]. Financial Performance - The interim dividend declared is RMB 0.0363 per share, while the proposed final dividend is RMB 0.0097 per share[51]. - Jiangsu Jingye Mingbang Group Holdings Co., Ltd. reported a significant increase in revenue for 2021, achieving a total of 1.2 billion RMB, representing a year-over-year growth of 15%[184]. - The company reported a net profit margin of 18% for 2021, indicating strong financial health and effective cost management strategies[188]. - Future outlook remains positive, with the company guiding for a revenue increase of 10% to 12% in 2022, driven by ongoing project launches and market penetration strategies[194]. Business Segments and Strategy - The company focuses on four main business segments: property development and sales, hotel operations, property management, and commercial property investment[3]. - The company positions itself as an "ecological and cultural real estate developer"[3]. - The company is actively pursuing a cautious yet aggressive land acquisition strategy, focusing on high-quality land with superior ecological and cultural resources[181]. - The company aims to diversify its product offerings, introducing at least three new residential projects in 2022 to cater to varying customer needs[196]. Project Development and Management - The company aims to build homes and communities that are truly suitable for buyers to live in, leveraging natural resources and cultural heritage[3]. - The company is committed to delivering projects on time, with several slated for completion in 2023 and 2024, ensuring a steady revenue stream[21][23]. - The company has multiple projects with varying completion dates, with the earliest being December 2015 and the latest projected for December 2023[73][74][77]. - The company expanded its project portfolio with new developments in Guangdong, including Jingye Lidu in Conghua and Jingye Donghu Zhouhao Yuan in Nansha, contributing to overall market expansion[188]. Market Presence and Customer Base - User data indicates a growing customer base, with an increase of 20% in new buyers compared to the previous year, reflecting strong market demand[191]. - Market expansion efforts include targeting tier-2 and tier-3 cities, with plans to establish a presence in at least five new locations by the end of 2022[194]. - The company has a significant focus on residential projects, with various developments in Guangdong and Yunnan provinces, indicating a strong market presence[21][29]. Operational Efficiency and Technology - Operational efficiency improved, with a reduction in costs by 5% due to streamlined processes and better supply chain management[199]. - The company is investing in new technologies to enhance project efficiency, with a budget allocation of 50 million RMB for R&D in 2022[197]. - The group introduced the "Tianwen Property ERP System" management platform to enhance property management efficiency[56]. Recognition and Awards - The company has been recognized with various honors and awards in 2021[4]. - The group was recognized as one of the top 200 real estate companies in China in 2021[58]. - The group has received multiple awards, including the 2021 IIDA Award for Innovation for the Zengcheng Shitan Sales Center[62].

Financial Performance - The company achieved contract sales of approximately RMB 2,486.4 million for the six months ended June 30, 2021, representing a significant increase of 128.2% compared to RMB 1,089.5 million for the same period in 2020[14]. - The total recognized revenue for the period was RMB 1,042.8 million, an increase of 12.8% from RMB 924.7 million in the first half of 2020[14]. - The net profit for the period was RMB 168.4 million, a decrease of 13.2% compared to RMB 194.1 million in the first half of 2020[14]. - The core net profit was RMB 167.5 million, down 13.6% from RMB 193.8 million in the same period last year[14]. - The total contracted sales amount for the group reached RMB 2,486.4 million, a significant increase of 128.2% compared to RMB 1,089.5 million for the same period in 2020[36]. - The confirmed revenue for the group was RMB 1,042.8 million, representing a year-on-year increase of 12.8% from RMB 924.7 million in the first half of 2020[37]. - The operating profit for the group was RMB 308.7 million, which is a 6.4% increase from RMB 290.1 million in the same period last year[36]. - The group's profit attributable to owners was RMB 170.8 million, a decrease of 13.3% compared to RMB 196.9 million in the same period of 2020[55]. - The company's revenue from property sales reached RMB 992.4 million, accounting for 100% of the recognized revenue, with an average selling price of RMB 8,864 per square meter[39]. - The company's total comprehensive income for the period was RMB 174,019 thousand, compared to RMB 186,889 thousand in the previous year, reflecting a decrease of approximately 6.5%[146]. Operational Strategy - The company plans to optimize and enhance its operational strategies while maintaining a prudent financial approach and improving cash flow management[13]. - The company plans to optimize its operational strategy, focusing on "high growth, high quality, and high profitability" amidst a stable market environment[26]. - The land acquisition strategy targets high economic zones and cities with population inflow, aiming to increase market share and strengthen scale advantages[26]. - The group has focused on high turnover market strategies since 2020, enhancing investment efficiency and balancing efficiency with profitability[27]. - The group aims to diversify its business strategy by integrating property management, hotel operations, and commercial property investments alongside real estate development[29]. - The company is committed to expanding its land reserves in core markets while entering new potential markets to ensure project profitability[26]. Land Reserves and Development - The company held land reserves of approximately 4.1 million square meters as of June 30, 2021, focusing on strategic locations with growth potential[2]. - The group owns approximately 4.1 million square meters of land reserves across 12 cities, with an average land cost of RMB 1,711 per square meter[84]. - The total land reserve includes completed properties with a total built area of 2,077,691 square meters, properties under construction with a total built area of 399,550 square meters, and future development properties with a total built area of 2,844,500 square meters[98]. - The company is actively involved in land development projects in various provinces, including Jiangsu, Hunan, and Yunnan[86]. - The company has a land reserve of approximately 252,047 square meters for future development, indicating a strong pipeline for growth[92]. Revenue Segments - The property management segment, Zhuo Du Property, reported revenue of approximately RMB 10.6 million, a year-on-year increase of 37.7%[21]. - The hotel operations segment saw total revenue of RMB 34.5 million, a substantial year-on-year growth of 61.2%[23]. - Hotel operations generated revenue of RMB 34.5 million, a significant increase of 61.2% compared to RMB 21.4 million in the same period of 2020[41]. - The company reported external customer revenue of RMB 1,042,796,000 for the six months ended June 30, 2021, compared to RMB 924,694,000 for the same period in 2020, marking a growth of about 12.8%[174]. Cost Management - Sales costs increased by 21.3% to RMB 630.7 million from RMB 520.1 million in 2020, driven by the growth in total delivered construction area[45]. - Gross profit was RMB 412.1 million, a slight increase of 1.9% from RMB 404.5 million in 2020, with a gross margin decrease from 43.7% to 39.5%[46]. - Selling and marketing expenses rose to RMB 48.3 million, up 21.7% from RMB 39.7 million in 2020, representing 4.6% of total revenue[47]. - Administrative expenses increased by 20.5% to RMB 75.8 million from RMB 62.9 million in the previous year, accounting for 7.3% of total revenue[50]. - The total expenses for the six months ended June 30, 2021, were RMB 754,685 thousand, an increase from RMB 622,743 thousand in the same period of 2020, representing a rise of about 21.2%[199]. Cash Flow and Debt Management - As of June 30, 2021, the total cash and bank balances of the group amounted to RMB 2,245.1 million, down from RMB 2,361.4 million as of December 31, 2020[55]. - The group's total borrowings as of June 30, 2021, were RMB 3,172.4 million, an increase from RMB 3,111.8 million as of December 31, 2020[58]. - The group's net debt ratio increased to 20.3% as of June 30, 2021, from 16.9% as of December 31, 2020, reflecting a slight increase of 3.4 percentage points[68]. - The group had unutilized borrowing facilities of approximately RMB 1,615.9 million as of June 30, 2021, compared to RMB 1,055.4 million as of December 31, 2020[57]. - The company reported a significant reduction in cash used for operating activities, indicating improved cash management strategies[151]. Employee and Governance - The company reported employee costs of RMB 899 million for the first half of 2021, compared to RMB 671 million for the same period in 2020, representing an increase of approximately 34%[117]. - The company has a total of 1,098 employees as of June 30, 2021, up from 911 employees a year earlier, indicating a growth of about 20.5%[117]. - The company maintains a commitment to good corporate governance practices, adhering to the applicable codes under the Hong Kong Stock Exchange[104]. - The company is committed to providing competitive salaries and benefits compared to market standards, with regular reviews based on employee contributions and industry benchmarks[117].

Land Acquisition and Development - The total land reserve of the company as of December 31, 2020, is approximately 4 million square meters[3]. - The company acquired nine land parcels in March 2020, increasing its development area by approximately 1 million square meters[19]. - The total land reserve as of December 31, 2020, is approximately 3.95 million square meters across 36 property projects in 11 cities[40]. - The company has successfully acquired residential land in Nanjing and Guangzhou, marking its expansion into the East China market[22]. - The company has a significant presence in Guangdong province, with a total of 2.85 million square meters of land reserved for future development[41]. - The company has a strategic focus on acquiring land in high-demand areas, with recent acquisitions adding approximately 200,000 square meters to its portfolio[55]. - The company expanded its land reserves by acquiring 12 plots of land in Guangdong, Yunnan, and Jiangsu, increasing the development area by approximately 1,141,000 square meters[112]. Financial Performance - Revenue for the year was RMB 2,347,064 thousand, a decrease of 2.3% compared to RMB 2,402,810 thousand in 2019[84]. - Gross profit decreased by 20.2% to RMB 912,736 thousand, down from RMB 1,144,232 thousand in 2019[84]. - Net profit for the year was RMB 478,397 thousand, a decline of 3.3% from RMB 494,917 thousand in 2019[84]. - Total assets increased by 18.2% to RMB 10,886,437 thousand, compared to RMB 9,213,089 thousand in 2019[84]. - The company's equity attributable to owners rose by 11.6% to RMB 3,035,243 thousand from RMB 2,718,954 thousand in 2019[84]. - The net profit attributable to the owners of the company was RMB 485.2 million, down 3.3% from RMB 501.5 million in 2019[108]. - The group’s gross profit for 2020 was RMB 912.7 million, down 20.2% from RMB 1,144.2 million in 2019, resulting in a gross margin decline from 47.6% in 2019 to 38.9% in 2020[130]. Sales and Revenue Growth - Contract sales for 2020 reached RMB 3,524 million, representing a 13.1% increase from RMB 3,116 million in 2019[84]. - The total contracted sales area was 350,936 square meters, up 39.0% from 252,558 square meters in the previous year[84]. - The company achieved a total contracted sales amount of approximately RMB 3,523.6 million, representing a year-on-year increase of 13.1%[108]. - The confirmed revenue for 2020 was RMB 2,347.1 million, a decrease of 2.3% from RMB 2,402.8 million in 2019[123]. Dividends and Shareholder Returns - The company plans to pay an interim dividend of RMB 0.0359 per share and a proposed final dividend of RMB 0.0673 per share[15]. - The company proposed a final dividend of RMB 0.0673 per share, bringing the total cash dividend for 2020 to RMB 0.1032 per share, an increase from RMB 0.0914 per share in 2019[108]. - The annual general meeting is scheduled for May 27, 2021, to approve the proposed final dividend[187]. Corporate Governance and Management - The company has a strong management team with diverse backgrounds in finance, real estate, and corporate governance[178]. - The group emphasizes independent judgment in its strategic decisions, ensuring adherence to performance and ethical standards[175]. - The company is committed to maintaining high standards of corporate governance through its various committees, including audit and remuneration committees[175]. - The company is expanding its board with experienced professionals to strengthen its strategic direction and performance oversight[176]. Market Expansion and Strategic Focus - The company aims to develop properties that are suitable for living, leveraging natural resources and cultural characteristics of selected project locations[3]. - The company plans to focus on high-growth markets, particularly in the Guangdong-Hong Kong-Macao Greater Bay Area, and expand its land and project acquisitions[119]. - The company has plans for market expansion and new product development in response to evolving consumer needs[22]. - The company anticipates a positive outlook for the national real estate market in 2021, driven by consumer recovery and new opportunities in urban renewal policies[116]. Project Development and Construction - The company has completed 11 projects, with 4 under construction and additional projects planned for future development[40]. - The company’s project in Zengcheng, Guangzhou, named Jinke Jingye Yongjing Garden, commenced construction in September 2020[19]. - The total construction area completed and delivered in 2020 increased by 97.7% year-on-year[124]. - The company has ongoing projects with a total area of 500,000 square meters expected to be completed by the end of 2023, enhancing future revenue streams[58]. Awards and Recognition - The company has received multiple awards, including being recognized as a top 10 new listing in the Chinese real estate industry for 2020[24]. - The company has been recognized for its contributions to pandemic relief efforts in the real estate sector[25]. - The company has been awarded for outstanding design in various categories, including the CREDAWARD for residential design[28]. Financial Management and Debt - The net debt ratio significantly decreased to 16.9% from 47.1% in 2019[84]. - The average effective interest rate for borrowings in 2020 was 6.50%, slightly up from 6.43% in 2019[151]. - The total borrowing cost for the year ended December 31, 2020, was RMB 269.1 million, representing a 106.4% increase compared to RMB 130.4 million in the same period of 2019[151]. - The group had unused borrowing facilities of approximately RMB 1,055.4 million as of December 31, 2020, down from RMB 2,828.3 million in 2019[144].

Financial Performance - The group achieved a contract sales amount of approximately RMB 1,089.5 million, a year-on-year decrease of 9.8%[9] - The confirmed revenue for the period was RMB 924.7 million, representing a year-on-year increase of 21.3%[9] - The profit for the period was RMB 194.1 million, an increase of 7.1% compared to the same period in 2019[9] - Core net profit grew by 43.9% year-on-year to RMB 193.8 million[9] - Revenue from confirmed property development sales was RMB 884.7 million, a 24.2% increase from RMB 712.5 million in the same period of 2019, accounting for 95.7% of total revenue[25] - The group's gross profit was RMB 404.5 million, a 2.0% increase from RMB 396.4 million in the first half of 2019, with a gross margin decrease from 52.0% to 43.7%[29] - Revenue from hotel operations was RMB 21.4 million, a decrease of 41.5% compared to RMB 36.6 million in the same period of 2019, primarily due to the impact of COVID-19[29] - The company's net profit for the six months ended June 30, 2020, increased to RMB 194.1 million, a year-on-year growth of 7.1% from RMB 181.2 million in the same period of 2019[36] - The company's share of profits from associates was RMB 39.6 million, a significant increase from a loss of RMB 0.7 million in the same period of 2019[34] - The total comprehensive income for the period was RMB 186,889 thousand, compared to RMB 174,601 thousand in the previous year, reflecting an increase of 7.0%[99] Dividends and Shareholder Returns - The company declared an interim dividend of RMB 0.0359 per share, equivalent to HKD 0.0401, with a payout ratio of approximately 30% of the profit attributable to shareholders[9] - The interim dividend declared by the board is RMB 0.0359 per share, equivalent to HKD 0.0401 per share, payable on September 18, 2020[89] - Basic and diluted earnings per share were RMB 0.12, down from RMB 0.15 in the same period last year[99] - The company declared an interim dividend of RMB 3.59 cents per share for the six months ended June 30, 2020, compared to no interim dividend for the same period in 2019[161] Market Strategy and Development - The group is focusing on urban renewal as a core business growth point in response to the real estate market's transition to a stock era[7] - The company is strategically acquiring land reserves in Guangdong, Hainan, Yunnan, and Hunan provinces for future development[3] - The company plans to accelerate sales in key projects located in the Guangdong-Hong Kong-Macao Greater Bay Area, aiming for significant growth in the second half of 2020[17] - The company is actively exploring urban renewal projects in core areas of Guangzhou and Foshan, with a total planned area of approximately 4 million square meters to be transformed over the next three years[20] - The company aims to enhance its product line by emphasizing "ecological and cultural real estate" features, targeting high-quality and high-premium market segments[19] - The company is focusing on acquiring high-potential quality land in rapidly growing markets such as the Yangtze River Delta and Shaanxi Province[15] - The company is committed to diversifying its business strategy, enhancing property services, and improving hotel operations to boost overall profitability[17] Financial Position and Debt - As of June 30, 2020, the company's net debt ratio was 67.2%, indicating a healthy financial status[15] - The net debt ratio increased from 47.1% as of December 31, 2019, to 67.2% as of June 30, 2020, mainly due to an increase in total borrowings of RMB 785.4 million[48] - Total borrowings amounted to RMB 4,088.5 million as of June 30, 2020, up from RMB 3,303.0 million at the end of 2019[41] - The company's cash and bank balances totaled RMB 2,168.2 million as of June 30, 2020, compared to RMB 1,976.1 million at the end of 2019[39] - The company's total liabilities as of June 30, 2020, were RMB 6,939,302,000, compared to RMB 6,393,680,000 as of December 31, 2019, indicating an increase of about 8.5%[96] - The group's total equity as of June 30, 2020, was RMB 2,743,448,000, reflecting an increase from RMB 2,704,208,000 as of December 31, 2019[191] Assets and Investments - As of June 30, 2020, total assets amounted to RMB 9,795,140,000, an increase from RMB 9,213,089,000 as of December 31, 2019, representing a growth of approximately 6.3%[94] - The company's inventory as of June 30, 2020, was RMB 1,560,000, a decrease from RMB 1,645,000 as of December 31, 2019, representing a decline of approximately 5.2%[94] - The investment in an associate increased significantly to RMB 66,225,000 as of June 30, 2020, from RMB 29,653,000 as of December 31, 2019, showing a growth of approximately 123.5%[94] - The company has a total of 31 projects developed and owned by itself and 1 project developed by an associate as of June 30, 2020[59] - The company has ongoing projects with a total construction area of 1,000,000 square meters, indicating significant future development potential[63] Operational Efficiency - The group's selling and marketing expenses were RMB 39.7 million, a slight decrease of 2.7% from RMB 40.8 million in the first half of 2019, accounting for 4.3% of total revenue[29] - The group's administrative expenses were RMB 62.9 million, a decrease of 12.6% from RMB 72.0 million in the same period of 2019, accounting for 6.8% of total revenue[29] - Employee costs for the group amounted to RMB 671 million for the first half of 2020, down from RMB 779 million in the same period of 2019[78] Risk Management and Compliance - The company’s financial risk factors include market risk, credit risk, and liquidity risk[116] - The company has maintained sufficient public float as required by the listing rules, with at least 25% of its issued share capital held by the public[87] - The company is committed to maintaining good corporate governance practices as per the Hong Kong Stock Exchange guidelines[67] COVID-19 Impact - The COVID-19 pandemic did not have a significant adverse impact on the company's financial position and operating performance as of the reporting date[108]

Land and Project Development - The total land reserve of the company as of December 31, 2019, is approximately 3 million square meters, covering 30 property projects across 10 cities[22][25]. - The company has launched several projects in 2019, including Qingyuan Jingye Yongjing Garden and Zhuzhou Jingye Shanhuwan, contributing to its sales growth[10][11][14]. - The company has ongoing projects in Guangdong, Hainan, Yunnan, and Hunan provinces, indicating a strong regional presence[3][23]. - The company aims to expand its market presence through strategic acquisitions, such as the large residential commercial property project in Zhongshan[14]. - The company plans to continue its development strategy by leveraging its land reserves for future projects[25]. - The total land reserve as of December 31, 2019, is approximately 2,994,834 square meters, with 216,353 square meters completed, 817,983 square meters under construction, and 1,960,498 square meters planned for future development[26]. - The company has 30 projects across various provinces, including Guangdong, Hainan, Yunnan, and Hunan, with a significant focus on Guangdong province, which has 11 projects[26]. - The company is expanding its presence in Hainan with multiple phases of the Qing Shui Wan project, totaling 321,000 square meters of land area[30]. - The company is actively pursuing market expansion through new projects and developments across various regions in China[31]. Financial Performance - Contract sales for the year reached RMB 3,116 million, representing a 35.6% increase compared to RMB 2,298 million in 2018[52]. - The total contracted sales area increased by 157.4% to 252,558 square meters from 98,102 square meters in the previous year[52]. - Revenue for the year was RMB 2,402,810 thousand, an increase of 80.8% from RMB 1,328,887 thousand in 2018[52]. - Gross profit rose by 123.2% to RMB 1,144,232 thousand, compared to RMB 512,590 thousand in the previous year[52]. - The net profit attributable to the owners of the company was RMB 501,517 thousand, reflecting a 29.8% increase from RMB 386,486 thousand in 2018[52]. - Total assets increased by 39.3% to RMB 9,213,089 thousand from RMB 6,614,171 thousand in 2018[52]. - The company's equity attributable to owners rose by 395.0% to RMB 2,718,954 thousand from RMB 549,304 thousand in the previous year[52]. - The core net profit surged by 171.0% to RMB 446,857 thousand, compared to RMB 164,910 thousand in 2018[52]. - The gross margin improved by 9.0 percentage points to 47.6% from 38.6% in the previous year[52]. - The current ratio increased to 1.7 from 1.0, indicating improved liquidity[52]. - The recognized sales revenue for the period was RMB 2,402.8 million, a significant year-on-year growth of 80.8%[73]. - The net profit for the year was RMB 494.9 million, reflecting a year-on-year increase of 29.6%[73]. - Core net profit reached RMB 446.9 million, showing a substantial year-on-year increase of 171.0%[73]. - The total equity as of the end of 2019 was RMB 2,819.4 million, compared to RMB 366.3 million in 2018[65]. - The total assets at the end of 2019 amounted to RMB 9,213.1 million, up from RMB 4,459.9 million in 2018[67]. Business Segments and Operations - The company operates in four main business segments: property development and sales, hotel operations, property management, and commercial property investment[3]. - Hotel operations generated revenue of RMB 738 million in 2019, an increase of 10.8% from RMB 666 million in 2018, primarily due to increased earnings from the Conghua hotel[97]. - Commercial property investment revenue rose to RMB 242 million in 2019, a significant increase of 142.0% from RMB 100 million in 2018, attributed to an increase in total leased area[98]. - Property management revenue increased to RMB 144 million in 2019, up 121.5% from RMB 65 million in 2018, driven by an increase in the total area managed[99]. Strategic Initiatives and Future Outlook - The company aims to maintain a cautious yet proactive land acquisition strategy to enhance market share in high-growth segments[85]. - The company believes that the real estate market is transitioning from a first-time homebuyer phase to a demand for improved housing, which will increase the need for lifestyle and wellness products[85]. - The company plans to leverage economic stimulus measures and government policies to mitigate the negative impacts of the pandemic on the real estate sector[90]. - The company provided guidance for the next fiscal year, projecting a revenue growth of 10% to 12%[131]. - New product launches are expected to contribute an additional HKD 300 million in revenue, with a focus on innovative technology solutions[131]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[131]. - A strategic acquisition of a local competitor is anticipated to enhance operational capabilities and increase customer base by 15%[131]. Corporate Governance and Compliance - The group has complied with all applicable laws and regulations as of December 31, 2019[118]. - The group has established compliance procedures to ensure adherence to applicable laws and regulations impacting its real estate development and management business[192]. - The independent non-executive directors have reviewed the non-competition agreement and assessed compliance by the covenantors[180]. - The group emphasizes the importance of maintaining long-term relationships with employees, customers, and suppliers to ensure sustainable development[159]. Shareholder Information and Dividends - The company proposed a final dividend of RMB 0.0914 per share, with a payout ratio of approximately 30% of the profit attributable to shareholders[73]. - As of December 31, 2019, the company's distributable reserves amounted to approximately RMB 2,334.1 million[150]. - The company's basic and diluted earnings per share for 2019 were RMB 0.41, compared to RMB 0.32 in 2018[105]. Risks and Challenges - The group faces significant risks including government regulations affecting property purchase policies in Guangdong, Hainan, Yunnan, and Hunan provinces[190]. - The group's business performance is highly dependent on the economic conditions and real estate market in China, particularly in the aforementioned provinces[190]. - The group may struggle to acquire land at commercially acceptable prices or may be unable to acquire land altogether[190]. - The group may not be able to secure sufficient funding for land acquisitions and future property developments under commercially reasonable terms[190].